What is the technology industry s definition of compliance?
There is no industry definition of Y2K compliance because of the many languages, applications, software products, and methods of programming date fields. The Federal Deposit Insurance Corporations (FDIC) says, “Year 2000 compliant means information technology that accurately processes date/time data (including, but not limited to, calculating, comparing and sequencing) from, into, and between the years 1999 and 2000 and leap year calculations (Year 2000 is a leap year). Furthermore, Year 2000 compliant information technology, when used in combination with other information technology, will accurately process date/time data if the other information technology properly exchanges date/time data with it.” To be compliant, the hardware and software systems must correctly handle: Explicit Data Integrity. All interfaces and storage of data up to, during, and beyond the Year 2000 must be unambiguous and cause no interruptions. Implicit Data Integrity. All processing, retrieval, and reporting o
